While creating great riches—how to become a millionaire—there is an undeniable truth: the most successful people are those who learn to work with and profit from the efforts of others. Rich people don’t just work 18 hours a day. Prosperous people are those who dedicate a tremendous amount of time, every day, to serving others and enlisting the help of others to get it done.
John D. Rockefeller said, “I would rather earn 1% of 100 people’s efforts than 100% of my effort.” This is the single most important secret of wealth creation.
Like wealthy and highly successful people, successful entrepreneurs know how to get large numbers of people to work for them. They realize that having just 1% of 100 people working for them is better than earning 100% of their own effort.
The most powerful men in the world today are wealthy because they have access to a greater number of resources and labor. Amazon’s founder, Jeff Bezos, employs about 250,000 people. Mark Zuckerberg, the founder of Facebook, has a full-time staff of over 40,000. Bill Gates had around 128,000 employees when he ran Microsoft.
One thing that holds true for the leaders of these startups is that your financial well-being is dependent on the number of people and technologies that are employed by you each day.
It’s not difficult to understand. Let’s say that when I got up this morning, 10 people came to work for me, and you’re on your own. You’ve got only two hands to work with. I have many more. In that case, I will end up richer than you.
There is one main thing that every wealthy person does: figure out how to make others work for them, and this does not sit well with everyone. They say that’s not fair. Maybe. But it doesn’t make sense to try to change the way the world works.
Now, this doesn’t mean everyone is cut out to be an entrepreneur. We are not all the same.
Some people want to work as employees. When people feel they are part of a winning team, they feel inspired to perform at their peak. They are successful people so long as they are pleased with where they are. However, you must have decided you would rather earn one percent of 100 people’s efforts. And for that to happen, you must find a team. Or you can leverage technology to do as much as a team of employees.
Just a few decades ago, the only form of wealth you could accumulate was by forming a partnership with another human being and incorporating them as an employee. Today, you can successfully run a business with only five workers, and you can utilize numerous technologies to help you develop your own wealth.
Technology is fun and we like to spend our leisure time using it. For the most part, individuals are content to spend five hours every day on their cell phones playing games, reading texts, or pursuing social media. But they won’t exploit the latest technology to accumulate riches. If you want to use technology to serve you, you must first modify your thinking about it.
Technology gives people such immense power. My recommendation to you is this: quit considering technology as fun. Use it as a tool. The benefits of technology include making our lives better, enabling us to acquire riches, and helping us achieve prosperity.
Revisit the idea that you would rather have one percent of a hundred people’s hard work than 100% of your own effort, and take responsibility for giving it your all.
Another thing to take to heart: People who become rich are those people who figure out what is wrong or what can be done to make the human race better. They then sacrifice their whole time and brains to do what they believe will make the world a better place.
The fact of the matter is, the richest people in the world are those who see what is wrong and decide to fix it. They then devote their entire lives and brainpower to improving the world.
When you have this mindset, you’ll find yourself with too many tasks to handle, and because of that, you’ll need the services, minds, and technology of other people and devices to get your projects done.
My father advised me to secure a comfortable and generous future by getting a decent career with a solid retirement plan. That’s how they did it when he was younger. When I was starting out, I thought to myself, “Why are they teaching me to be an employee?” I mean, it was strange to me that everyone I knew seemed to be preoccupied with earning a great retirement. To prepare me for my future, everyone is telling me how to work for others.
I started wondering why nobody was teaching me how to start a business. In certain regards, I believe that this type of instruction could have helped me. I might have learned how to focus on my interests and harness the aid of others to assist me in reaching my goals. Only after understanding that I no longer wanted to be one of the individuals helping others get rich did I decide to adopt this approach.
Once you have asked yourself, “What responsibility am I willing to take?”, then you have to make your decision. You might decide I would like to make a difference in the world around me. How can I make it right? The world ought to be in a particular place and I am ready to make the effort to get us there. When you’re ready to accept responsibility, you’ll see that you have an abundance of problems, and, as a result, you’ll have to call on additional individuals and tools to help you. That is how you become wealthy.
When searching for a seemingly insurmountable problem, don’t assume it has to be a billion-dollar one. Sometimes you will build a company that is big enough to improve the lives of millions and billions of people. Don’t be scared to start small.
Remember: “I would rather earn 1% of 100 people’s efforts than 100% of my effort” and then go out and make it happen.